Posted in | Gold | Mining Business

Aurelius Minerals Confirms Historic High Grade Gold Intervals on Mikwam Property

Aurelius Minerals Inc. (the "Company" or "Aurelius") is pleased to announce confirmation of historic high grade intervals on the Mikwam Property ("Mikwam") during its recent resampling program. Aurelius identified several boxes, remaining on site, containing core from holes ESO-06-07 and ESO-06-17 from ESO Uranium Corp.'s 2006 drilling campaign.

The focus of the resampling program was to confirm high grade gold intervals in two of the drill holes which were used to define the inferred mineral resource of 136,000 ounces of gold grading 2.34 grams per tonne ("gpt") (see the Company's news release dated January 30, 2017). The Company confirmed both intervals as follows:

  • ESO-06-07 included a 1 metre ("m") sample of 22.5 gpt gold in the resource database and the Aurelius confirmation assay was 21.1 gpt gold; and
  • ESO-06-17 included a 1 m sample of 16.4 gpt gold in the resource database and the Aurelius confirmation assay was 18.1 gpt gold.

"We are very pleased to confirm the high grade intervals at Mikwam, which we believe demonstrate the upside potential of the project," stated Mark N.J. Ashcroft, P.Eng, Aurelius' President and CEO. "Our confirmation assays and Detour Gold's ("Detour") recent staking of the Burntbush Property, which surrounds Mikwam, gives us confidence in our land position and exploration strategy for the area. Furthermore, with our Lipton Property in the Lower Detour Lake camp, we are the second largest landholders in the Northern Abitibi after Detour and we are determined to replicate their success by employing proven exploration techniques including geochemistry, geophysics and drilling on our properties."

All samples were submitted to Bureau Veritas in Timmins, ON for sample preparation by crushing 1 kg to 70% less than 2 millimetres, creation of a 500 g split, and then pulverizing to 85% passing 75 microns. Sample pulps are submitted for gold analysis with a 30 g fire assay and AAS finish (code FA430). Samples returning higher than 10 ppm Au were re-assayed with a 30 g fire assay and gravimetric finish. Control samples (accredited gold standards, blanks, and duplicates) were inserted into the sample sequence by Bureau Veritas on a regular basis to monitor precision of results.

Mr. Jeremy Niemi, P.Geo., the Qualified Person as defined by National Instrument 43-101 for the Abitibi Greenstone belt properties, has reviewed and approved the technical information in this release.

Source: https://www.aureliusminerals.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit